A MESSAGE FROM
LEADERSHIP

FY2017 was the year in which we started to fundamentally change the structure of the group. In FY2016 Altron committed to rationalising and refocusing its business in order to reduce overhead costs, streamline management and ultimately reduce its debt burden. We believe that we are well on our way to achieving those goals. Now, as we start to emerge from a challenging period of change in the group, with the benefit of additional equity capital and a new leadership, we will start to enter a new phase of growth in our chosen areas of business.

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Mteto Nyati, Chief Executive | Mike Leeming, Chairman

PERFORMANCE
HIGHLIGHTS

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Our
Performance

Financial
sustainability

MATERIAL ISSUES

The group continues to identify two core material issues related to financial sustainability, namely profitable growth, and capital and cost efficiencies. In 2017, as in 2016, we have also retained a third material issue: rationalising and refocusing the business, as creating a leaner operation will create both efficiencies and drive profitable growth.

While much progress has been made in rationalising and refocusing the business over the last year, this remains a critical priority as this process will continue to distract the group from addressing the two primary issues until it is resolved. However, we continue to view this third material issue as temporary in nature and likely to fall away once the strategic repositioning of the group has been achieved.

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Human
capital

MATERIAL ISSUES

Altron is founded on its people, who are the driving force behind our success as a group. As we continue to streamline our operations, our human capital remains an important priority.

In 2017 Altron’s goal in this respect remained unchanged: to build and maintain a diverse, loyal, performance-driven workforce that is innovative and effective and which reflects Altron’s collaborative values and culture. Our three material focus areas within human capital address these key issues: transformation; human resources and company culture.

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Products and
services

MATERIAL ISSUES

Our focus at Altron lies in delivering relevant technologies, cost-effectively, to assist the needs of the customers on their specific outcomes – whether that is profit, efficiency or delivery of value. With our access to a wide range of technology and cutting-edge ICT solutions, from among our OEM partners as well as our own product suites, Altron is well positioned to deliver seamless, innovative end-to-end solutions to our customers and to capture opportunities for cross-selling.

This year saw our move away from the manufacturing side of our business draw closer to completion. Within Altron TMT, to ensure that our offerings remain at the forefront of technology, it is critical that we are adaptive to quickly evolving technological trends and that we are ready to maximise the potential of new opportunities. Our two most material issues in this area are therefore innovation and research and development (R&D), and our product and service offerings.

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External
relationships

MATERIAL ISSUES

In our rapidly evolving markets, relationships with key external stakeholders help us to gain access to opportunities, mitigate risk and provide the products, services and solutions our customers require.

Maintaining relations with investors, clients and customers, government and parastatals, strategic partners and suppliers is therefore essential to Altron and we prioritise and manage relationships with each of these groups carefully. Our relationships with our investors and external financiers have been particularly important over the recent difficult period and remain so as we move into a prosperous era. Going forward, our strategic partnerships will begin to take on an increasingly critical role in the business as we evolve our new ICT-focused strategy.

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